# CME update: cattle futures gain ground as slaughter rates and exports rise
						 | The Cattle Site

> CME live cattle futures rallied to a near six-month high of 110.15 cents/lb on August 13 as China increased US beef purchases to 1,927 tonnes, the largest volume since 2002. Boxed beef prices and packer margins also rose.

- Date: 2020-08-13 · published 2020-08-13T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/51744-cme-update-cattle-futures-gain-ground-as-slaughter-rates-and-exports-rise-the
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Strong export demand and higher beef values support cattle prices and encourage herd expansion, which tends to support feed grain demand over time.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2022-11-11 | [CME cattle futures firm; hog futures ease
						 \| The Beef Site](https://feedsoft.ai/events/38814-cme-cattle-futures-firm-hog-futures-ease-the-beef-site.md) | +0.1% | +1.6% |
| LCATTLE | 2026-04-02 | [Cattle futures climb on grilling demand, potential border reopening - CME
						 \| The Cattle Site](https://feedsoft.ai/events/10274-cattle-futures-climb-on-grilling-demand-potential-border-reopening-cme-the.md) | +3.1% | +5.2% |
| LCATTLE | 2019-09-27 | [Cattle futures surge as trade grows bullish on potential U.S. exports to Japan](https://feedsoft.ai/events/57214-cattle-futures-surge-as-trade-grows-bullish-on-potential-u-s-exports-to-japan.md) | +3.3% | +7.5% |
| LCATTLE | 2018-07-18 | [U.S. livestock: CME cattle rise but hog futures weaken - Grainews](https://feedsoft.ai/events/5215-u-s-livestock-cme-cattle-rise-but-hog-futures-weaken-grainews.md) | +1.7% | +0.9% |
| LCATTLE | 2020-11-05 | [U.S. livestock: Cattle futures up on firm cash, export hopes - Grainews](https://feedsoft.ai/events/7937-u-s-livestock-cattle-futures-up-on-firm-cash-export-hopes-grainews.md) | +3.1% | +3.7% |
| FCATTLE | 2022-11-11 | [CME cattle futures firm; hog futures ease
						 \| The Beef Site](https://feedsoft.ai/events/38814-cme-cattle-futures-firm-hog-futures-ease-the-beef-site.md) | -1.6% | +3.0% |
| FCATTLE | 2019-09-27 | [Cattle futures surge as trade grows bullish on potential U.S. exports to Japan](https://feedsoft.ai/events/57214-cattle-futures-surge-as-trade-grows-bullish-on-potential-u-s-exports-to-japan.md) | +0.6% | +2.6% |
| FCATTLE | 2018-07-18 | [U.S. livestock: CME cattle rise but hog futures weaken - Grainews](https://feedsoft.ai/events/5215-u-s-livestock-cme-cattle-rise-but-hog-futures-weaken-grainews.md) | +1.0% | -1.6% |

## Sources

- thecattlesite.com: https://www.thecattlesite.com/news/55739/cme-update-cattle-futures-gain-ground-as-slaughter-rates-and-exports-rise

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.